{"id":645279,"date":"2017-07-17T03:49:24","date_gmt":"2017-07-17T03:49:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/freezones-to-have-a-bigger-role-in-2034-investment-strategy\/"},"modified":"2017-07-17T03:49:24","modified_gmt":"2017-07-17T03:49:24","slug":"freezones-to-have-a-bigger-role-in-2034-investment-strategy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/freezones-to-have-a-bigger-role-in-2034-investment-strategy\/","title":{"rendered":"Freezones to have a bigger role in 2034 investment strategy"},"content":{"rendered":"

<\/a> Freezones are back in fashion under the new Investment Act, and the Investment Ministry has a strategy running through 2034 that will see more roll out nationwide<\/strong>, Investment and International Cooperation Minister Sahar Nasr told investors in Alexandria, according to a ministry statement<\/a>. A public freezone is set to be established in each governorate, with a logistics center built for every port across the country. Private-sector-run free zones will also play a role in the strategy, Nasr said, with an emphasis on infrastructure and utilities projects. The state will offer 406 projects at freezones worth a total of USD 9.9 bn, she added, 71 of them in private freezones. Nasr also noted that SMEs will be welcome in freezones and emphasized that the Alexandria freezone will include a startup incubator.<\/p>\n

Nasr also noted that the ministry\u2019s investment map<\/strong>, which will outline the geographic distribution of some 600 priority projects, should be ready within the month<\/strong>, Al Borsa reports<\/a>. The minister had previously said that the map would be out last week.<\/p>\n

Meanwhile, Alexandria Governor Mohamed Sultan has submitted a request to the New Urban Communities Authority (NUCA) to allocate 700 feddans at the Borg El Arab freezone to the expansion of industrial installations there<\/strong>, according to Al Borsa<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Freezones are back in fashion under the new Investment Act, and the Investment Ministry has a strategy running through 2034 that will see more roll out nationwide, Investment and International Cooperation Minister Sahar Nasr told investors in Alexandria, according to a ministry statement. A public freezone is set to be established in each governorate, with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645279","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cc0f5bec-47bf-442e-a1b1-488fc91b2ec0","order":"0","is_powered_by":true,"section_story_id":"84ba537e-2cb1-4371-a1f7-5844d9f20398","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645261],"teaser":"","voice_url":""},"yoast_head":"\nFreezones to have a bigger role in 2034 investment strategy - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/freezones-to-have-a-bigger-role-in-2034-investment-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Freezones to have a bigger role in 2034 investment strategy\" \/>\n<meta property=\"og:description\" content=\"Freezones are back in fashion under the new Investment Act, and the Investment Ministry has a strategy running through 2034 that will see more roll out nationwide, Investment and International Cooperation Minister Sahar Nasr told investors in Alexandria, according to a ministry statement. 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GAFI last week agreed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639537,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/additional-fees-on-freezones-in-the-investment-act-regs-earns-ire-of-freezone-investors\/","url_meta":{"origin":645279,"position":2},"title":"Additional fees on freezones in the Investment Act regs earns ire of freezone investors","author":"enterpriseam admin","date":"31 October 2017","format":false,"excerpt":"Additional fees on freezones under the Investment Act regs earned the ire of freezoneinvestors the day they came into effect: The executive regulations to the new Investment Act came into effect yesterday after they were published in the Official Gazette (pdf). The ink had not yet dried when a new\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599652,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egypts-nuca-allocates-land-for-freezone-in-new-aswan\/","url_meta":{"origin":645279,"position":3},"title":"Egypt\u2019s NUCA allocates land for freezone in New Aswan","author":"enterpriseam admin","date":"6 January 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has allocated a 187-feddan land plot to the New Aswan city authority to develop a freezone, deputy head of NUCA Tarek El Sebai said. The move came in response to a request from the investment ministry amid efforts to increase the number of freezones\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587327,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/25\/egypt-to-relax-freezone-regulations-to-boost-investment\/","url_meta":{"origin":645279,"position":4},"title":"Egypt to relax freezone regulations to boost investment","author":"enterpriseam admin","date":"25 May 2023","format":false,"excerpt":"The cabinet has extended the exemption of airport fees for foreign airlines","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1376.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644703,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/draft-of-investment-act-executive-regulations-is-out\/","url_meta":{"origin":645279,"position":5},"title":"Draft of Investment Act executive regulations is out","author":"enterpriseam admin","date":"2 July 2017","format":false,"excerpt":"The first draft of the executive regulations to the Investment Act is out: After weeks of closed-door sessions, a draft of theInvestment Act\u2019s executive regulations is out (which you can view in full here courtesy of AMAY). 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